NB Bancorp Files 8-K: Officer Changes & Financials

Ticker: NBBK · Form: 8-K · Filed: Jan 6, 2025 · CIK: 1979330

Nb Bancorp, Inc. 8-K Filing Summary
FieldDetail
CompanyNb Bancorp, Inc. (NBBK)
Form Type8-K
Filed DateJan 6, 2025
Risk Levellow
Pages3
Reading Time4 min
Key Dollar Amounts$0.01
Sentimentneutral

Sentiment: neutral

Topics: corporate-governance, officer-changes, financials

Related Tickers: NBBC

TL;DR

NB Bancorp 8-K: New officers elected, financials updated. Watch for leadership changes.

AI Summary

NB Bancorp, Inc. filed an 8-K on January 6, 2025, reporting changes in directors and officers, and the election of new officers. The filing also includes financial statements and exhibits related to the period ending January 3, 2025. Specific details regarding the individuals involved or the exact nature of the compensatory arrangements were not provided in this excerpt.

Why It Matters

This filing indicates potential shifts in the company's leadership and provides updated financial information, which could influence investor perception and strategic direction.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of corporate events and financial information, not indicating any immediate financial distress or significant negative events.

Key Players & Entities

  • NB Bancorp, Inc. (company) — Registrant
  • January 3, 2025 (date) — Date of earliest event reported
  • January 6, 2025 (date) — Date of report
  • Needham, Massachusetts (location) — Principal Executive Offices
  • 781-444-2100 (phone_number) — Registrant's telephone number

FAQ

What specific changes were made regarding directors or officers?

The filing indicates "Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers" as an item reported, but the specific names and details of these changes are not provided in this excerpt.

What is the exact date of the earliest event reported in this 8-K?

The date of the earliest event reported is January 3, 2025.

What is the principal executive office address of NB Bancorp, Inc.?

The principal executive offices are located at 1063 Great Plain Avenue, Needham, Massachusetts 02492.

What type of company is NB Bancorp, Inc. based on its SIC code?

NB Bancorp, Inc. is classified under SIC code 6036, which corresponds to 'SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED'.

What other items are included in this 8-K filing besides officer and director information?

The filing also includes "Financial Statements and Exhibits".

Filing Stats: 890 words · 4 min read · ~3 pages · Grade level 10.6 · Accepted 2025-01-06 16:45:26

Key Financial Figures

  • $0.01 — ch registered Common Stock, Par Value $0.01 Per Share NBBK The Nasdaq Stock Mar

Filing Documents

02

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers (b) Departure of Executive Officer NB Bancorp, Inc. (the "Company") announced that, effective January 3, 2025, Salvatore Rinaldi resigned as Chief Operating Officer of the Company and its subsidiary, Needham Bank (the "Bank"). Mr. Rinaldi will remain employed by the Company and the Bank through February 7, 2025 to assist in the transition of his duties and responsibilities to Ms. Christine Roberts. On July 24, 2024, the Company previously disclosed that Mr. Rinaldi intended to retire once his successor was identified and appointed as Chief Operating Officer and began employment with Needham Bank. (c) Appointment of Executive Officer The Company also announced that, effective January 6, 2025, Christine Roberts was appointed Executive Vice President and Chief Operating Officer of the Company and the Bank. Ms. Roberts, age 56, has been Executive Vice President, President of Citizens Pay at Citizens Bank, since April 2022. Prior to this appointment, from September 2021 until September 2022, Ms. Roberts served as Head of Consumer Lending Experience and Engagement and prior to that, served as Head of Student Lending from May 2016 until November 2021. Ms. Roberts has been employed at Citizens Bank since August 2012, where she has held positions of increasing responsibility across the institution. In connection with the appointment of Ms. Roberts, the Bank has entered into a change in control agreement with Ms. Roberts. The agreement has an initial term of eighteen (18) months and renews for a new eighteen (18) month term on each anniversary of the agreement, and provides for a lump sum payment to Ms. Roberts, upon a change in control followed by a termination, equal to one and one-half (1.5) times her annual compensation, defined as base salary plus the annual incentive bonus at the target bonus opportunity

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Change in Control Agreement with Christine Roberts 99.1 Press Release dated January 6, 2025 104.1 Cover Page Interactive Data File (Embedded within Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. NB BANCORP, INC. DATE: January 6, 2024 By: /s/ Joseph Campanelli Joseph Campanelli President and Chief Executive Officer

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